All Blog Posts Tagged 'BoE' (49)

UBS - This week's key points for currencies: ECB speakers to keep euro a sell on rallies

UBS - "Financial markets are giving out inconsistent signals. A firmer yen, stronger Treasuries and bunds, weaker Eurozone peripheral bonds and lower stocks point to increased risk aversion. But the Swiss franc is weakening while commodity currencies are stable. The major currencies are more likely still to be driven by shifts in monetary policy. The Federal Reserve is set to keep tapering, helping the dollar recover from this year's lows. The likelihood of European Central Bank easing next…

Continue

Added by Francesc Riverola on May 19, 2014 at 10:08am — No Comments

UBS - This week's key points for currencies: A Key Week For The Dollar

UBS - "The dollar continues to trade at weak levels against the euro, pound and Swiss franc as the Federal Reserve is still printing money and buying bonds. In the week ahead the Federal Open Market Committee is likely to taper its asset purchases by another $10bn to $45bn a month. We expect the greenback to rise across the board as the end of quantitative easing comes into sight by the autumn. But this month's FOMC decision may only provide marginal support to the dollar as the Fed will…

Continue

Added by Francesc Riverola on April 28, 2014 at 9:19am — No Comments

UBS - This week's key points for currencies: FOMC minutes due in the week ahead

UBS - "The foreign exchange markets reacted to America's March employment report by favouring higher-yielding emerging markets and commodity currencies. But US data is unlikely to remain 'not too hot' to spur fears of Federal Reserve tightening and 'not too cold' to raise concerns about the recovery. Instead Friday's payrolls report clearly showed America's economy emerging from the winter slowdown. The Fed is thus on track to finish tapering its bond purchases by the autumn, raising the…

Continue

Added by Francesc Riverola on April 8, 2014 at 10:37am — No Comments

UBS - This Week's Key Points: Yellen unlikely to row back from Fed tapering

UBS - "In the week ahead Federal Reserve Chairwoman Yellen appears before Congress and Bank of England Governor Carney will present the February Inflation Report. (...) policymakers in both the US and UK are likely to signal interest rate increases will still only start from next year.

That will temper rallies in the dollar and pound. But we expect the greenback still to outperform this year as the Fed steadily cuts its pace of quantitative easing. The Fed's slowing balance sheet…

Continue

Added by Francesc Riverola on February 10, 2014 at 9:33am — No Comments

UBS - This week's key points for currencies: Stronger data challenging Fed's forecasts

UBS - "In the next three months the Federal Reserve, European Central Bank and the Banks of Japan and England will all publish new economic projections. The upcoming forecast rounds will be important for currencies as they have the potential to shift the course of monetary policy across the major economies.

(...) This week's key points for currencies are:

- stronger data challenging Fed's forecasts

- ECB to keep explicit easing bias in the week ahead

- Japanese CPI…

Continue

Added by Francesc Riverola on February 3, 2014 at 11:46am — No Comments

UBS - This Week's Key Points: Fed tapering in the week ahead will push dollar higher

UBS - "This week's key points for currencies are

- Fed tapering in the week ahead will push dollar higher

- Eurozone PMI keeping euro supported for now

- CPI inflation key in the week ahead for yen

- BoE to keep stressing no imminent need to hike rates

- EURCHF bulls should ignore bank capital buffer increase

- RBA comments keeping Australian dollar sell on rallies

- NZ dollar to rise into RBNZ meeting in the week ahead

- BoC concern on low inflation…

Continue

Added by Francesc Riverola on January 27, 2014 at 7:40pm — No Comments

UBS - This week's key points for currencies: Fed officials look through December's payrolls

UBS - "The search for inflation is becoming central to currency markets (...) In the week ahead, Canada, Australia and New Zealand all release their latest consumer price indices. The Bank of Canada also meets. We expect no change in policy but a weaker than consensus inflation print will increase expectations the BoC may cut its overnight rate from 1.00% later in the year. Australia's CPI release will also be closely followed after December's weaker than anticipated payrolls report. In…

Continue

Added by Francesc Riverola on January 20, 2014 at 10:31am — No Comments

UBS - This week's key points for currencies: When Doves Cry

UBS - "In the week ahead, most of the Fed's doves including Chairman Bernanke, New York Fed President Dudley, current FOMC voting members Evans, Rosengren and Bullard, and non-voting FOMC member Kocherlakota - are scheduled to speak. In addition, the October 29-30 FOMC meeting minutes will be released. Together, the upcoming communications will provide more insight into whether policymakers are willing to consider tapering as early as the December 17-18 FOMC meeting.

UBS Economics…

Continue

Added by Francesc Riverola on November 18, 2013 at 12:01pm — No Comments

Goldman Sachs - Central Bank Watch: Fed To Continue Asset Purchases Until 2Q2014

Goldman Sachs - "UNITED STATES: FOMC

CURRENT SITUATION The Fed funds rate is at 0%-0.25%. The Fed initiated a new round of asset purchases and extended its rate guidance on September 13, 2012.

NEXT MEETING Oct. 30 Dec.18

EXPECTATION We expect the Fed to keep the funds rate near 0% through 2015, and to continue asset purchases until 2Q2014.

JAPAN: BoJ Monetary Policy Board

CURRENT SITUATION The overnight call rate is at 0%-0.1%. The…

Continue

Added by Francesc Riverola on September 19, 2013 at 4:00pm — 1 Comment

UBS - This week's key points for currencies: Payrolls still key for dollar despite geopolitical risks

UBS - "The new month starts with a high degree of event risk. The US may launch strikes against Syria as early as this weekend. In the week ahead, the European Central Bank, the Banks of Japan, England and Canada, the Reserve Bank of Australia and the Riksbank all hold policy meetings. The US August payrolls report is due at the end of the week, and emerging market currencies are likely to face further pressure if America's employment data suggest the Federal Reserve will agree this month to…

Continue

Added by Francesc Riverola on September 2, 2013 at 9:59am — No Comments

BTMU - Pound rebound vulnerable to reversal if BoE signals unease over higher rates

Bank of Tokyo-Mitsubishi: "The pound may continue to strengthen modestly in the near-term on the back of strengthening UK cyclical momentum. However, those gains are likely to prove limited and remain vulnerable both in the near-term and medium–term. In the near-term those gains could quickly reverse should the BoE choose to strengthen its forward rate guidance. One upcoming key event which poses some downside risk for the pound is on the 28th August when Governor Carney is next scheduled to…

Continue

Added by Francesc Riverola on August 16, 2013 at 4:03pm — No Comments

HSBC - 10 days that will shake the world

HSBC - "Over the next 10 days the markets will be focusing heavily on the policy meetings of the big four

This week: Fed, BoE, ECB

Next week: BoJ, RBA (We expect 25bp cut), BoE Carney inflation report

For those with a weak constitution look away now, because on top of these policy meetings we have crucial data: US GDP data (important benchmark revisions), ISM, Payrolls

By the end of the week we may have a better understanding of where we stand on the tapering debate. This…

Continue

Added by Francesc Riverola on July 30, 2013 at 10:25pm — No Comments

UBS - Bullish View on the Dollar Reinforced

UBS - "EURUSD and GBPUSD have experienced two major regimes over the last couple of decades. In the 1990s both currency pairs tended to weaken when investors were risk seeking while over the last decade both exchange rates have strengthened when stock markets have been rallying.

The shifting experience of the euro and the pound against the dollar appears to have resulted from the Fed changing policy stance after the internet bubble burst in 2000-2001, and consistently setting interest…

Continue

Added by Francesc Riverola on July 11, 2013 at 10:35am — No Comments

BofAML - USD Appreciation to Continue

Bank of America Merrill Lynch - "Will stronger US data lead to a higher USD too? The answer to this question is less obvious than it might seem – the correlation between the USD and US data has varied greatly over the past 20 years. In fact, during 2002-04 and 2008-2010, the USD exhibited a strong negative correlation with US data.

In our view, the USD is in an unusually good position to benefit from stronger US growth at this time:

1. With the ECB and the BoE having just adopted…

Continue

Added by Francesc Riverola on July 9, 2013 at 9:35am — No Comments

UBS - This Week's Key Points: FOMC minutes, Bernanke speech next up for dollar

UBS - "The dollar is entering a perfect storm that should see the currency rallying this year to 1.20, 110, 1.41 and 1.03 against the euro, yen, pound and Swiss franc respectively.

First, June's payrolls shows the Federal Reserve is on track to start tapering its asset purchases from the September 17-18 Open Market Committee meeting. Second, the European Central Bank in contrast announced an important dovish shift in policy, signalling interest rates would remain at present levels or…

Continue

Added by Francesc Riverola on July 7, 2013 at 5:52pm — No Comments

UBS - Several Major Currencies Close to Important Turning Points

UBS - "Several of the world's major currencies are experiencing or are close to important turning points. The dollar is starting to trend higher following Chairman Bernanke's suggestion after the June Federal Open Market Committee meeting that the central bank may taper its asset purchases later this year. Similarly, the yen, despite volatility over the last few weeks, is set to trend lower following the Bank of Japan's decision on April 4 to double the monetary base. Our view that the…

Continue

Added by Francesc Riverola on July 1, 2013 at 2:50pm — No Comments

BofAML - Central banks driving markets

Bank of America Merrill Lynch - "Expectations of changes in central bank policies are the largest driver of financial markets this year. Across G10 currencies, RBA rate cuts have weighed on AUD, BoJ QE announcement has driven JPY lower, conjecture of Mark Carney’s actions at BoE has affected GBP, ECB press conferences have created EUR volatility and RBNZ currency overvaluation concerns alongside market intervention have changed opinions on NZD. Now, markets are focused on the Federal Reserve…

Continue

Added by Francesc Riverola on June 25, 2013 at 11:16am — 1 Comment

UBS - This Week's Key Points: USDJPY still faces risks in very near term

UBS - "USDJPY remains the focus of the currency markets. Over the last two weeks the flush out of positions in the currency pair and the Nikkei has been savage, causing investors to unwind other dollar longs against the euro, pound and Swiss franc. In contrast, the fundamentals supporting a stronger dollar this year remain intact.

(...) most of the forty clients we met this week in France, Sweden and Switzerland also still favour the dollar this year. Longs have clearly been strongly…

Continue

Added by Francesc Riverola on June 15, 2013 at 9:15am — 2 Comments

Rabobank - We Favour Buying Cable on Dips Near-Term

Rabobank - "The June Bank of England policy meeting was never likely to be a game changer for sterling. That said, the UK economy has entered into an interesting phase. Finally there are sufficient signs of improvement in data releases to indicate that the country may be entering into a nascent economic recovery. The slightly better tone of economic data will be a relief to Governor King who retires at the end of the month after a difficult tenure. However, King has still left plenty of work…

Continue

Added by Francesc Riverola on June 7, 2013 at 5:51pm — No Comments

UBS - This Week's Key Points: Firm US data to pressure risk trades, favour dollars

UBS - "In the week ahead, UBS Economics forecasts stronger than expected US ISM and payrolls releases. That is set to make investors more fearful of carry trades being unwound. As a result the dollar is likely to continue rallying against emerging market and commodity currencies, rebound against the euro and pound, and should start to recover lost ground against the Swiss franc and yen. This week's key points for currencies are:

- firm US data to pressure risk trades, favour…

Continue

Added by Francesc Riverola on June 1, 2013 at 7:35pm — 1 Comment

Monthly Archives

2014

2013

2012

2011

2010

1999

Members

© 2014   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video